UNIQUE DOUBLE ASSET WITH ROI ON-TAP.

Private Sale by Closing Date – Leased Investment - 1 Moorefield Park Drive, West Wodonga

Investment opportunity, Retail, Hotel/Leisure, Other

Overview
Property ID: 20181
Price: Contact Agent
Rent: $215,980 (ex. GST)
Building: 1,100m²
Land: 6,501m²
Zoning: Commercial 2 zone
Closing
29/02/2024 03:00 PM
Add to Calendar 29/02/2024 03:00 PM 29/02/2024 03:00 PM Australia/Melbourne Private Sale by Closing Date – Leased Investment - 1 Moorefield Park Drive, West Wodonga UNIQUE DOUBLE ASSET WITH ROI ON-TAP. Daniel Philip [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

POINT OF INTEREST:

When it comes to rural towns, the only thing more essential than a nearby highway is a renowned tavern and bottle-O. Here, both are on offer for hungry investors looking for a tenanted 2-in-1 deal. The significant corner site catches those turning off the Hume (aka Murray Valley Highway) and into Wodonga, with at least 240 m* of dual frontage capturing thirsty commuters’ attention. The land itself stretches 6,501 sqm* with a building split into two tenancies; one for the Edwards Tavern and the other for a drive-thru Cellarbrations. The well-known tenants bring in a combined annual income of $215,980.00 however the magnitude of the landholding here goes much further in value. That land also facilitates no less than 70 allocated car parks, an understandable crowd thanks to the dozen surrounding hotels / caravan parks and prime position within the town — plus neighbours from Albury coming in for Thursday steak night.

- Currently tenanted to high-performing tenants, Edwards Tavern and Cellarbrations.
- $215,980.00 per annum in combined leasing income.
- 6,501 sqm* total land area.
- 1,100 sqm* total building area.
- Over a dozen hotels / motels & caravan parks within a kilometre radius.
- Positioned at the Gateway to Wodonga.
- 70 car spaces.
- Commercial 2 zoning.
- 240 m* of dual frontage across a significant corner site.
- Metres to the Hume Freeway

POINT OF VIEW:

There’s no safer investment than a highly regarded tavern, but tacking on a big-name bottle-O retailer to the package is like upgrading your schnitzel to the perfect parma.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyEdwards Tavern / Cellarbrations
Lease TermSee tenancy Schedule
CommencedSee tenancy schedule
Rent Review3% per annum
Bond/GuaranteesSee tenancy schedule
Outgoings PayableSee schedule
AgeCirca 1995
Air ConditionerYes
AvailabilityNegotiable
Car Parking FeesNil
Car Spaces70
ConditionExcellent
FloorsFloor boards / tiles
LiftsN/A
Roller DoorsYes
Wheel Chair AccessYes
ZoningCommercial 2 zone
Outgoings
Owners’ CorporationN/A
Building Insurance$7,350.00
Council Rates$13,327.50
Water Rates$4,800.00
Land Tax$4,863.00
Essential Safety MeasuresTBC
A/C MaintenanceTBC
Other ChargesTBC
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - Tim Cooney

Tim Cooney

M | 0468 860 737
T | (03) 9623 2582
E | [email protected]

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